v3.25.2
Investments in Real Estate Securities (Tables)
6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following is a summary of the Company’s investments in real estate securities, at fair value at June 30, 2025:
CMBS Bonds
(in thousands, except interest rates)Number of BondsBenchmark Interest RateWeighted Average Interest RateWeighted Average Contractual Maturity (years)Par ValueFair Value
CMBS Bonds101 month SOFR7.51%5.3357,41057,426
The following table shows the amortization cost, unrealized gain (loss) and fair value of the Company’s CMBS bonds at June 30, 2025:
(in thousands)Amortized CostsUnrealized GainUnrealized LossFair Value
CMBS Bonds57,291138(3)57,426